The Antwerp World Diamond Centre wants to sell 12 million carats of diamonds from Zimbabwe this year, which would make the southern African country one of the six biggest suppliers to the Belgian-based trading group.
It being the feast of Saint Valentine, today is a favored moment to give or receive that ultimate lovers’ gift: a diamond. This year, however, isn’t a good one for those who want to know for sure that the stone’s origins are above reproach.
Merrill Lynch & Co., the brokerage unit of Bank of America Corp. , won a U.S. judge’s ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination lawsuit.
The Kimberley Process has authorized Zimbabwe’s Diamond Mining Co. (Pvt) Ltd. to sell gems from the Marange diamond fields, the state-controlled Sunday Mail said, citing the secretary for mines, Prince Mupazviriho.
Supermodel Naomi Campbell told the war crimes trial of Charles Taylor that two strangers handed her some “dirty looking stones” after a 1997 dinner at Nelson Mandela ’s home also attended by the former Liberian President.
Members of Zimbabwe’s political elite ranging from President Robert Mugabe ’s wife to military leaders allegedly profited from illegal trading of diamonds, according to a U.S. diplomatic cable published by WikiLeaks.